Advanced Energy Industries Stock Forecast
Advanced Energy Industries stock upgraded to Buy Candidate.
(Updated on May 03, 2024)
The Advanced Energy Industries stock price gained 2.47% on the last trading day (Friday, 3rd May 2024), rising from $95.63 to $97.99. During the last trading day the stock fluctuated 3.12% from a day low at $95.94 to a day high of $98.93. The price has risen in 7 of the last 10 days and is up by 9.24% over the past 2 weeks. Volume fell on the last day by -138 thousand shares and in total, 254 thousand shares were bought and sold for approximately $24.84 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies the upper part of a wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $99.76 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -8.47% during the next 3 months and, with a 90% probability hold a price between $80.73 and $91.31 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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AEIS Signals & Forecast
Mostly positive signals in the chart today. The Advanced Energy Industries stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $96.13 and $96.46. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 9.24%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.
Support, Risk & Stop-loss for Advanced Energy Industries stock
Advanced Energy Industries finds support from accumulated volume at $96.08 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $3.00 between high and low, or 3.12%. For the last week, the stock has had daily average volatility of 3.59%.
Our recommended stop-loss: $94.57 (-3.49%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 10 days ago.)
Trading Expectations (AEIS) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Advanced Energy Industries to open at $97.62, and during the day (based on 14 day Average True Range), to move between $94.90 and $101.08, which gives a possible trading interval of +/-$3.09 (+/-3.15%) up or down from last closing price. If Advanced Energy Industries takes out the full calculated possible swing range there will be an estimated 6.30% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $98.83 (0.86%) than the support at $96.08 (1.95%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Advanced Energy Industries stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.
Current score: 1.384 Buy Candidate Upgraded
Predicted Opening Price for Advanced Energy Industries of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| $97.62 ( 0.379%) | $97.99 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AEIS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 100.61 | 2.68 % | |
| R2 | 99.47 | 1.51 % | ||
| R1 | 98.76 | 0.788 % | ||
| Current price: | 97.99 | |||
| Support | S1 | 96.47 | -1.55 % | |
| S2 | 95.77 | -2.27 % | ||
| S3 | 94.62 | -3.44 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 100.46 | 2.52 % | |
| R2 | 98.91 | 0.94 % | ||
| R1 | 98.83 | 0.86 % | ||
| Current price | 97.99 | |||
| Support | S1 | 96.08 | -1.95% | |
| S2 | 95.75 | -2.29% | ||
| S3 | 95.63 | -2.41% |
AEIS Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 26, 2024 | May 23, 2024 | Jun 07, 2024 | $0.100 | 0.102% |
| 2 | Feb 09, 2024 | Feb 15, 2024 | Mar 01, 2024 | $0.100 | 0.0966% |
| 3 | Nov 02, 2023 | Nov 17, 2023 | Dec 01, 2023 | $0.100 | 0.104% |
| 4 | Jul 27, 2023 | Aug 18, 2023 | Sep 01, 2023 | $0.100 | 0.0846% |
| 5 | Apr 27, 2023 | May 19, 2023 | Jun 02, 2023 | $0.100 | 0.101% |
FAQ
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